IS3R.DE vs. IS3S.DE
IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both exchange-traded funds - IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index, while IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value. Both are passively managed. Over the past 10 years, IS3R.DE returned 15.43%/yr vs 12.98%/yr for IS3S.DE. A 0.74 correlation means they provide meaningful diversification when combined. IS3R.DE charges 0.25%/yr vs 0.30%/yr for IS3S.DE.
Performance
IS3R.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3R.DE achieves a 23.73% return, which is significantly lower than IS3S.DE's 34.68% return. Over the past 10 years, IS3R.DE has outperformed IS3S.DE with an annualized return of 15.43%, while IS3S.DE has yielded a comparatively lower 12.98% annualized return.
IS3R.DE
- 1D
- 3.45%
- 1M
- 4.33%
- YTD
- 23.73%
- 6M
- 26.24%
- 1Y
- 35.47%
- 3Y*
- 25.94%
- 5Y*
- 14.78%
- 10Y*
- 15.43%
IS3S.DE
- 1D
- 2.88%
- 1M
- 5.58%
- YTD
- 34.68%
- 6M
- 37.30%
- 1Y
- 63.13%
- 3Y*
- 25.47%
- 5Y*
- 17.18%
- 10Y*
- 12.98%
IS3R.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 23.73% | 8.37% | 37.95% | 8.09% | -13.60% | 24.52% | 16.42% | 31.46% | 0.29% | 16.07% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 34.68% | 25.13% | 11.36% | 15.62% | -4.81% | 30.35% | -12.53% | 22.01% | -10.32% | 7.66% |
Correlation
The correlation between IS3R.DE and IS3S.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.74 |
The correlation between IS3R.DE and IS3S.DE has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
IS3R.DE vs. IS3S.DE — Risk / Return Rank
IS3R.DE
IS3S.DE
IS3R.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS3R.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.77 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 10.20 | -6.31 |
| Martin ratioReturn relative to average drawdown | 14.75 | 37.08 | -22.34 |
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Drawdowns
IS3R.DE vs. IS3S.DE - Drawdown Comparison
The maximum IS3R.DE drawdown since its inception was -30.76%, smaller than the maximum IS3S.DE drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for IS3R.DE and IS3S.DE.
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Drawdown Indicators
| IS3R.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.76% | -35.19% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -6.09% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -17.78% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.57% | -17.78% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -30.76% | -35.19% | +4.43% |
Current DrawdownCurrent decline from peak | -0.02% | -1.26% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -6.96% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.68% | +0.70% |
Volatility
IS3R.DE vs. IS3S.DE - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a higher volatility of 6.79% compared to iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) at 5.87%. This indicates that IS3R.DE's price experiences larger fluctuations and is considered to be riskier than IS3S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3R.DE | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 5.87% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 12.05% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 14.51% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 13.97% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 16.66% | +1.43% |
IS3R.DE vs. IS3S.DE - Expense Ratio Comparison
IS3R.DE has a 0.25% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
IS3R.DE vs. IS3S.DE - Dividend Comparison
Neither IS3R.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3R.DE and IS3S.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IS3S.DE.
IS3R.DE is categorized as Momentum, while IS3S.DE is Global Equities. IS3R.DE tracks MSCI World Momentum Index, while IS3S.DE tracks MSCI World Enhanced Value. Their fees differ too: 0.25% for IS3R.DE and 0.30% for IS3S.DE.
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